Riyadh "Riyadh Daily"
Professional Capacities

Saudi Aramco has tremendous potential and accumulated expertise to help it achieve whatever it dreams of or plan for, with minimal effort and the best possible way. Over the last decades, Aramco has proven its professional capacities and out-of-the-box mechanism of reflection, as well as its ambitions and aspirations that have no limits and know no buts. 

Although the company, in the first half of this year (2019), achieved a net profit of USD 46.9 billion, down from USD 53.02 billion for the same period last year (2018), Aramco remains the largest profit-making company in the world, with a huge difference from the profits of Apple amounting to USD 31.5 billion in the first six months of 2019.

Referring to Saudi Aramco's profits in 2018, the first year the company announced its profits publicly, they rose by 46.3%, equivalent to SAR 131.9 billion, to SAR 416.5 billion, compared to SAR 284.6 billion in 2017. Its profit jumped nearly 740% in 2017 and 2018, making SAR 366.8 billion, up from SAR 49.7 billion in 2016. 

If we are to assess the company's profits in 2018, we'll find them as twice as that of Apple, the second largest company in the world after Aramco, amounting to USD 59.4 billion for the same year. Aramco's profits also surpass the world's second and third largest companies together, Apple and the Industrial Commercial Bank of China (ICBC) whose profits amount to USD 45.2 billion, and their profits together amount to USD 104.6 billion.

Aramco's efforts to expand and spearhead in many energy-related fields are all around the clock, armed with the requirements of Vision 2030 which has portrayed a beautiful world for the future of energy in the Kingdom led by Saudi Aramco. 

Yesterday, sources said that Aramco wants to acquire 20% of the activities of Reliance Industries of India, a company specialized in the conversion of oil into chemicals. Last year, Aramco announced the funding of purchasing 70% of Saudi Basic Industries Corporation (SABIC) for USD 69.1 billion. 

This scene confirms that we are in front of a giant company which develops its tools and programs and diversifies its future projects to maintain its global standing among the world's energy companies.

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